LSV Asset Management Acquires 9,005 Shares of Home Bancorp, Inc. $HBCP

LSV Asset Management grew its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 69.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 22,005 shares of the bank’s stock after purchasing an additional 9,005 shares during the quarter. LSV Asset Management’s holdings in Home Bancorp were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HBCP. Raymond James Financial Inc. acquired a new position in shares of Home Bancorp during the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC increased its stake in Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares in the last quarter. CWM LLC raised its holdings in shares of Home Bancorp by 31.1% during the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after purchasing an additional 406 shares during the period. Canton Hathaway LLC acquired a new position in shares of Home Bancorp during the third quarter valued at about $118,000. Finally, Exencial Wealth Advisors LLC acquired a new stake in shares of Home Bancorp in the 2nd quarter valued at about $212,000. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Performance

Shares of HBCP opened at $61.17 on Tuesday. The firm has a market capitalization of $478.96 million, a P/E ratio of 10.42 and a beta of 0.60. Home Bancorp, Inc. has a 52 week low of $39.59 and a 52 week high of $64.17. The stock has a 50 day moving average price of $60.14 and a two-hundred day moving average price of $56.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.07. The company had revenue of $37.26 million for the quarter, compared to analysts’ expectations of $33.73 million. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%. Equities analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 9th will be paid a $0.31 dividend. The ex-dividend date is Monday, February 9th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Home Bancorp’s dividend payout ratio is presently 21.12%.

Analyst Ratings Changes

HBCP has been the topic of a number of research reports. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Hovde Group boosted their price objective on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $63.00.

Home Bancorp Company Profile

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.